Construction output in South Korea slumped 2.1 percent from a year earlier in December 2019, the least since April 2018, following an upwardly revised 4.8 percent fall in the previous month. Building construction declined at a softer clip (-6.7 percent vs -9.8 percent in November), whereas civil engineering work slowed for the second month (8.5 percent vs 10.3 percent). On a monthly basis, construction output rebounded a sharp 4.1 percent after a 2.1 percent decline in November. South Korea Construction Output - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Construction Output in South Korea averaged 1.56 percent from 1998 until 2019, reaching an all time high of 25.70 percent in September of 2001 and a record low of -30.50 percent in August of 1998. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Korea

Construction Output in South Korea is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in South Korea to stand at 1.90 in 12 months time. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2021, according to our econometric models.


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South Korea Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -4.80 25.70 -30.50 1998 - 2019 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 11:00 PM Sep -7.4% -7.4% -4.6%
2019-11-28 11:00 PM Oct -4.3% -7.9% -6.1%
2019-12-29 11:00 PM Nov -4.7% -3.7% -4.9%
2020-01-30 11:00 PM Dec -2.1% -4.8% -3%
2020-02-27 11:00 PM Jan -2.1% -2.6%
2020-03-30 11:00 PM Feb
2020-04-28 11:00 PM Mar -1.1%
2020-05-28 11:00 PM Apr


News Stream
South Korea Construction Output Slides in December
Construction output in South Korea slumped 2.1 percent from a year earlier in December 2019, the least since April 2018, following an upwardly revised 4.8 percent fall in the previous month. Building construction declined at a softer clip (-6.7 percent vs -9.8 percent in November), whereas civil engineering work slowed for the second month (8.5 percent vs 10.3 percent). On a monthly basis, construction output rebounded a sharp 4.1 percent after a 2.1 percent decline in November.
2020-01-30
South Korea Construction Output Falls Faster
Construction output in South Korea slumped 4.7 percent from a year earlier in November 2019, following a downwardly revised 3.7 percent fall in the previous month. Building construction declined faster (-9.3 percent vs -8.5 percent in October) and civil engineering work slowed (9.4 percent vs 12.9 percent). On a monthly basis, construction output decreased 1.8 percent, down from a 2.6 percent rise in October.
2019-12-29
South Korea Construction Output Drops 4.3% YoY
Construction output in South Korea decreased 4.3 percent from a year earlier in October 2019, after an upwardly revised 7.9 percent in the previous month. Building construction plunged 9.3percent (vs -12.5 percent in September), whereas civil engineering jumped 12.6 percent (vs 6.7 percent). On a monthly basis, construction output climbed 1.7 percent.
2019-11-28
South Korea Construction Output Tumbles 7.4% YoY
Construction output in South Korea decreased 7.4 percent from a year earlier in September 2019, the same as in the previous month. Building construction plunged 12.0 percent (vs -11.5 percent in August), whereas civil engineering rose 7.4 percent (vs 6.3 percent). On a monthly basis, construction output declined 2.7 percent.
2019-10-30

South Korea Construction Output
In South Korea, construction output refers to year over year change in the value of construction completed including building construction and civil engineering.